Does my roof qualify for the American Recovery and Reinvestment Act Tax Credit?
With the recent signing of the American Recovery and Reinvestment Act of 2009 (ARRA), the tax credits for energy-efficient home improvements that were originally part of the Energy Policy Act of 2005 have been reinstated, extended and increased. Tax Credit: The American Recovery and Reinvestment Act of 2/17/2009 enables homeowners to receive up to a $1,500 tax credit if they install specific energy efficient products (asphalt roofing products) which carry an Energy Star rating. Energy Star®: Energy Star guidelines for residential roofing products require that products have a minimum solar reflectivity (SR value) of .25. Additional Details: • Tax credit for 30% of the cost of energy-efficient products up to a lifetime cap of $1,500. • The tax credit applies to the cost of materials only (not installation costs). • At the present time, this credit is available for 2009 and 2010. • Homeowner must save receipts and provide a Manufacturer’s Certification Statement. • IRS Tax Form 5695 (2009
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